Agenda / Content Covered

1. Current Federal Tax Rules and Environment
   10:00 — 11:00, Robert Keyser
   1. Governing Law
   2. Tax Rates and Exemptions: Individual, Trust, Estate, Business
   3. Updates: IIJA, TCJA, the SECURE Act, FFCRA, CARES Act, and Other Recent Laws Affecting the Practice
   4. IRS Guidance and Enforcement
2. Tax Consequences of Various Trust Structures
   11:15 — 12:15, John Bedosky
   1. Types of Trusts and Their Effect on Individual Tax
   2. Simple vs Complex Trusts
   3. State and Federal Taxation Considerations for Trusts
   4. Tax Consequences in Estate Administration
   5. Self-Settled Trusts
3. Tax Planning Tools and Their Real-Life Application Challenges
   12:15 — 1:15, John Bedosky
   1. Gifts and Transfers
   2. Trusts
   3. LLCs
   4. Charitable Giving
   5. Basis Step-Up Tools
   6. Other Tools
4. Trust Tax Reporting: Forms, Timelines, Planning Opportunities
   1:45 — 2:30, John Bedosky
   1. Annual Reporting (With Sample Documents)
   2. Taxable vs. Accounting Income, DNI
   3. Deductions
   4. Trust Taxation at Estate Administration
   5. Subtrust Creation at the Death of the Grantor
5. Tax Returns in Estate Administration
   2:30 — 3:15, John Bedosky
   1. Timeline, Deadlines and Extensions
   2. Choosing the Taxable Year
   3. Key Tax Returns: Final 1040, 1041, Form 706, etc.
   4. Tax Basis Reporting
   5. Expenses and Deductions
   6. Sale of Real Property
   7. Tax Reporting for the Estates that Include a Business
6. Other Tax Areas Trusts and Estates Attorneys Should Be Versed In
   3:30 — 4:00, Robert Keyser
   1. Retirement Assets: Taxation, Distributions, Rollovers
   2. How Businesses are Taxed
   3. Operating Agreements: Allocations, Distributions and Their Taxation
   4. State and Local Taxation (After Wayfair)
   5. Collections, Liens, Creditor Rights
   6. Long-Term Care and Medicaid and its Effect of the Estates
   7. Conducting Tax Research: Useful Tips and Resources
7. Legal Ethics in Tax Practice
   4:00 — 5:00, Robert Keyser
   1. Attorney Fees
   2. Guarding Confidentiality
   3. Clients With Diminishing Capacity
   4. Identifying Undue Influence
   5. Fiduciary Liability Issues

Accreditation Details:

John R Bedosky is of counsel to Hinman, Howard & Kattell, LLP, active in its estate planning practice group, and is a senior consultant with The Lustig Group, LLC. He has extensive experience representing individual and business clients in a variety of estate planning matters, including business succession planning; family wealth accumulation, preservation and transfer planning; estate and trust administration; fiduciary litigation; and related taxation matters. Mr. Bedosky has been an adjunct professor of law at the University of Minnesota Law School, the University of St. Thomas, and William Mitchell College of Law; an adjunct business taxation professor at the University of Minnesota’s Carlson School of Management; and a visiting professor of law at William Mitchell College of Law. He earned his B.S. degree, magna cum laude, from Villanova University, and his J.D. degree, magna cum laude, Syracuse Law Review, from Syracuse University College of Law. Mr. Bedosky earned his L.L.M. (estate planning) from the University of Miami School of Law.

Robert B Keyser II is the founding member of the estate, tax and business planning boutique firm, Robert B. Keyser II, LLC, based in Colorado Springs, Colorado. He provides counsel in the areas of income, estate and gift tax planning, and business planning to high net worth individuals and families. Mr. Keyser prepares advanced estate planning documents, such as qualified personal residence trusts, family limited partnerships, life insurance trusts, generation skipping trusts, charitable trusts, private foundations, grantor retained annuity trusts, intentionally defective grantor trusts, and complex wills. He handles various business transactional matters requiring the preparation of agreements for stock redemption, mergers, employment, stock buy-sell, partnership and limited liability company arrangements, non-qualified plans, and trusts. Mr. Keyser taught business law and accounting at the University of Colorado's Colorado Springs campus from 2004 to 2017. He earned his B.A. degree from Colorado University, his J.D. degree from the University of Denver College of Law, and his LL.M. degree in taxation from the University of Denver graduate tax program.